Former Hai Phong police chief gets 10-year prison sentence for property appropriation
Former director of Hai Phong city's police, Do Huu Ca, has been sentenced to 10 years in jail for property appropriation.
Do Huu Ca, former director of Hai Phong city police, stands a trial in Quang Ninh province, northern Vietnam, April 12, 2024. Photo courtesy of Tuoi Tre (Youth) newspaper.
Ca, a major general who was head of Hai Phong police for nearly nine years until his retirement in January 2019, was convicted on Friday of receiving VND35 billion ($1.4 million) from Truong Xuan Duoc in 2022, promising (to bribe others) to help Duoc avoid prosecution. In fact, Ca kept the money for himself, the court said.
Duoc was given a nine-year prison sentence for illegally trading invoices and tax documents, and giving bribes. His wife, Nguyen Ngoc Anh, got four years and six months in jail on the same charges.
According to the ruling, Duoc started illegally trading invoices in 2005 through a company. Aware of the risks of being discovered, Duoc set up more companies to cover his trail.
Duoc and his wife were found to have illegally earned VND41 billion ($1.63 million) over 10 years.
Duoc and his wife were arrested in February 2023, followed by Ca a month later.
- Read More
EVN, PV Gas review LNG supply progress for Quang Trach II, III power plants in central Vietnam
Vietnam Electricity (EVN) and Petrovietnam's subsidiary PV Gas on Tuesday reviewed progress on the latter's LNG supply project for the Quang Trach II and Quang Trach III power plants, located in Quang Tri province.
Companies - Fri, June 19, 2026 | 9:40 pm GMT+7
MSCI flags remaining weaknesses in Vietnam’s stock market despite reform progress
Vietnam continued to advance a series of capital market reforms over the past year, but key barriers related to foreign ownership limits, market accessibility, disclosure standards, and settlement infrastructure remain obstacles to a potential market status upgrade, according to MSCI’s latest Global Market Accessibility Review.
Finance - Fri, June 19, 2026 | 4:21 pm GMT+7
Banking, retail, oil sectors to lead Vietnam's stock market recovery: brokerage
Vietnam’s stock market could be led by banking, consumer retail and oil & gas stocks as the economy enters a new growth cycle, brokerage Vietcap said, raising its year-end 2026 target for the benchmark VN-Index to 1,955 points.
Finance - Fri, June 19, 2026 | 3:05 pm GMT+7
Russia’s Gazprom exits $297 mln gas-fired power project in central Vietnam
Russia’s Gazprom has withdrawn from a planned $297 million gas-fired power plant in central Vietnam after more than five years of inactivity, prompting authorities to seek alternative investors to keep the project aligned with the country’s power development plan.
Energy - Fri, June 19, 2026 | 2:19 pm GMT+7
Vietnam’s Top 10 fund managers control 95% of industry assets
Vietnam’s fund management industry remains highly concentrated despite steady growth over the past decade, with the country’s 10 largest asset managers controlling 95% of total assets under management, according to Viet Wisdom Fund Management.
Finance - Fri, June 19, 2026 | 9:51 am GMT+7
Two converging trends continue to drive FDI into Vietnam
Asian partners continue to dominate foreign direct investment (FDI) into Vietnam in the first five months of 2026, as both the wave of production diversification away from China and the ongoing restructuring of capital flows within ASEAN jointly generate additional momentum for investment inflows.
Investing - Fri, June 19, 2026 | 7:57 am GMT+7
Vingroup stocks surge as Vinhomes, Vincom Retail unveil 2025 dividend plans
Shares of companies affiliated with Vingroup rallied sharply on Thursday after Vinhomes and Vincom Retail announced plans to pay 2025 dividends, lifting the benchmark VN-Index despite broad weakness across the market.
Finance - Thu, June 18, 2026 | 9:09 pm GMT+7
SLP, J&T Express to develop automated logistics hub in southern Vietnam
Logistics infrastructure developer SLP Vietnam and courier company J&T Express have signed a strategic cooperation deal to jointly develop a large-scale automated sorting center in southern Vietnam, underscoring growing investment in logistics infrastructure as e-commerce demand accelerates.
Companies - Thu, June 18, 2026 | 4:54 pm GMT+7
Nearly 60 funds subscribe to Dien May Xanh IPO amid foreign investors' prolonged net selling
Nearly 60 domestic and foreign investment funds have registered to buy 166 million shares in the initial public offering (IPO) of Dien May Xanh, the electronics retail chain of Mobile World Group (HoSE: MWG).
Companies - Thu, June 18, 2026 | 4:40 pm GMT+7
Half of Swedish businesses operating in Vietnam plan investment expansion
The fact that 50% of surveyed Swedish businesses plan to increase investment in Vietnam in 2026 demonstrates their firm long-term confidence in the Vietnamese market.
Industries - Thu, June 18, 2026 | 1:53 pm GMT+7
Vietnam seeks deeper nuclear cooperation with Russia's Rosatom
Vietnamese Prime Minister Le Minh Hung called for expanded cooperation in nuclear energy with Russia's Rosatom, including support for Vietnam's planned Ninh Thuan 1 nuclear power plant, at a meeting with CEO Alexey Likhachev on Wednesday.
Energy - Thu, June 18, 2026 | 1:38 pm GMT+7
Vietnam PM backs expanded energy cooperation with Russia's Zarubezhneft
Vietnamese Prime Minister Le Minh Hung met with Sergei Kudryashov, CEO of Russian state oil company Zarubezhneft, on Wednesday and expressed support for expanding bilateral cooperation in oil and gas, offshore wind power and other energy projects.
Energy - Thu, June 18, 2026 | 12:26 pm GMT+7
Vietnam central bank proposes easing limit on short-term funds for long-term lending
The State Bank of Vietnam has proposed raising the maximum ratio of short-term funding that commercial banks can use for medium- and long-term lending from 30% to 40%, marking a reversal of years of tightening aimed at reducing maturity mismatch risks.
Banking - Thu, June 18, 2026 | 11:16 am GMT+7
EVNGENCO3 completes over 50% of year's profit target, accelerates investment in new power projects
Vietnam's Power Generation Corporation 3 (EVNGENCO3) has completed nearly 55% of its full-year profit target after the first five months of 2026, supported by resilient electricity demand and stable system operations, while stepping up investments in LNG-fired power, battery energy storage systems (BESS) and renewable energy projects.
Investing - Thu, June 18, 2026 | 8:17 am GMT+7
Vietnam Rubber Group plans capital hikes for listed subsidiaries as earnings climb
Vietnam Rubber Group (HoSE: GVR) plans to raise capital at several of its listed subsidiaries, starting with Phuoc Hoa Rubber, as the state-controlled giant seeks to strengthen its subsidiaries while benefiting from high rubber prices and expanding industrial park operations.
Companies - Wed, June 17, 2026 | 8:14 pm GMT+7
Vinhomes to cease land bank expansion in Vietnam, focus on capitalizing on existing projects
Vietnam’s largest listed property developer Vinhomes, a subsidiary of Vingroup (HoSE: VIC), will stop acquiring new land in the domestic market, shifting its focus toward developing its existing portfolio and extracting greater value from projects already under its control, chairman Pham Thieu Hoa said.
Companies - Wed, June 17, 2026 | 5:19 pm GMT+7




















